get roll over credit facility for personal use

Learn more about our General Credit Card Scheme under TMB Retail Loan Products.

The General Credit Card is sort of rollover overdraft loan facility where in no specific purpose / end use is insisted. Repayment can be made within 12 months. Special 2% incentive for repayment within 6 months with prompt interest payments.

Special Rate of Interest for Women also provided. Further no collateral security is insisted upon. Processing charge is low and documentation is also simple.

Purpose / End Use

No insistence of purpose / end-use

Eligibility

Our Bank constituent with sufficient earning capacity & cash flow, residing in rural and semi-urban areas. Only one in the entire household can avail the credit facility.

Scheme Implementing Branches

Rural and Semi-urban branches

Loan Quantum

Minimum Rs. 5,000.00 plus multiples of Rs. 1,000.00 thereon subject to a maximum of Rs. 25,000.00. Limit is decided on the basis of repaying capacity.

Security

No insistence of collateral security

Style of Credit

Overdraft - Can be withdrawn by loan debit slip. Statement will not be issued. Pass Book will be issued. No cheque books will be issued.

Guarantee

Guarantee of an adult family member and / or a suitable third party guarantee.

Period

12 months from date of sanction - Review once in a year.

Repayment

This is a revolving credit. The customers should pay back the entire loan amount within 6 months for rollover. The loan can be revived / drawn in the same overdraft account after a break of at least one day. The interest should be serviced within 7th of succeeding month.